Iran's exports to African countries announced

Business Materials 30 March 2020 13:12 (UTC +04:00)
Iran's exports to African countries announced

BAKU, Azerbaijan, March 30

By Elnur Baghishov - Trend:

Iran exported about $570 million worth of products to African countries in the first 11 months of last Iranian year (March 21, 2019 to February 19, 2020), said Farzad Piltan, the director General of Trade Promotion Organization (TPO) of Iran’s Arabic-African Affairs Office, Trend reports citing the official website of the organization.

According to Piltan, Iran's exports to African countries have decreased by 6 percent in terms of value and have increased by 22 percent in term of weight during 11 months.

Piltan added that in total, Iran's trade with African countries amounted to about $1 billion.

"Iranian products are mainly exported to Egypt, Kenya, Sudan, South Africa, Mozambique, Nigeria, Tunisia, Ivory Coast, Libya, Ethiopia, Tanzania, Somalia and Djibouti. And Iran imported products mainly from Zambia, Ghana, Ethiopia, South Africa, Tanzania, Sudan, Egypt, Kenya, Tunisia and Ivory Coast," he said.

The official said that mainly liquefied gas, iron and steel products, cement, footwear, urea, raisins, paraffin, motor oil, bitumen, biscuits and some chemicals were exported to African countries. In return, cocoa, sunflower oil, palm oil, tea, phosphate, sesame seeds, tobacco and some fruits were imported from African countries.